Price breaking out the bullish flag, expected to retest the horizontal $225 as support before hitting $240, a bounce back to $230 before continuing onto $300 fairly quickly
Litecoin finally bled to death from Bitcoin and rallied up today, the bottom has been found & the trend reversal is getting re-tested before we continue to move up
Reasonably strong performance from Litecoin keeping to the 4h resistance line and climbing despite the falling EMA.
However expect that to be challenges when the rising candle hists the falling trend line.
Here, similar to the ETH chart but a bit, we are in the bottom range, and very bottom of that range
If we start reclaiming these range line/SR's we should be able to push on in the higher range, and the weekly chart setup I posted a month ago or so might finally play out.
$LTC is essentially a better version of $BTC in terms of transaction speed, fees etc. but not...
ANALYSIS 🔎
- LTCUSDT brokeout above the symmetrical triangle's inclined resistance as expected from my previous analysis.
- The market is currently undergoing retracement.
- Price is retesting the symmetrical triangle's inclined resistance, fibonacci retracement levels, flip horizontal support and projected ascending channel support. Omo confluence choke 😂.
- A...
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.004190).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. Litecoin/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (144.25). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Litecoin/TetherUS LTCUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a...
We may potentially be looking at an LTC bullish channel with price attempting a second touch at the moment. However BTC is currently indecisive and we could see some further bearish momentum on BTCUSD which will negatively affect LTC.
The very nature of ltc is to pullback then rise.
Expect to see a rise past the 4 hour resistance to the $250 mark.
However, there seems to be a bearish candle trend on most coins.
